THCB

The Clock Is Ticking

There’s still time.  Much of the sensationalistic coverage since October has completely missed the point, argue defenders.  THCB reader Hiro Kawashima had this to say:

“What became clear is that President Obama’s most formidable enemy isn’t the Republican Party, angry insurers or antsy Congressional Democrats; it is time. The PPACA is running against the clock and what the PPACA needs most is time to work. Even before the bill was signed into law, it was clear that the true financial benefit of PPACA would not be realized for a decade. Each failure, each negative portrayal and each angry consumer shaves an additional second off the clock. The President’s proposed administrative fix will buy time for the White House to get the healthcare.gov website working and regain control of the narrative.

If none of the reasons above made any sense to you, here is an analogy from President Obama:

One way I described this to — I met with a group of senators when this issue first came up — and it’s not a perfect analogy — but we made a decision as a society that every car has to have a seatbelt or airbags.  And so you pass a regulation.  And there are some additional costs, particularly at the start of increasing the safety and protections, but we make a decision as a society that the costs are outweighed by the benefits of all the lives that are saved.  So what we’re saying now is if you’re buying a new car, you got to have a seatbelt.

Well, the problem with the grandfather clause that we put in place is it’s almost like we said to folks, you got to buy a new car, even if you can’t afford it right now.  And sooner or later, folks are going to start trading in their old cars.  But we don’t need — if their life circumstance is such where, for now at least, they want to keep the old car, even if the new car is better, we should be able to give them that option.  And that’s what we want to do.”

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Ray Ban 3352KevinSteve Bellarchon41BC Recent comment authors
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Ray Ban 3352
Guest

Unless things dramatically change I will not be renewing my membership. Also, some of their actions can put your system at risk; it would help you a lot if you completed a vulnerability scanning to see what possible weaknesses your computer has..
Ray Ban 3352 http://www.hoangyencuisine.com/a/ray-ban-3352.php

Kevin
Guest

Like everything the government becomes involved in…it becomes a hot mess!
There are no easy answers unfortunately.

Steve Bell
Guest
Steve Bell

The WSJ published a list of the upcoming Obamacare “shoes to drop” but their list did not include the millions who will have a break in their coverage beginning Jan 1. Why not? Is there some way those people will have coverage even if the websites and exchanges do not allow them to enroll in Obamacare by Dec 15 (or 23)?
To me this seems like by far the biggest crisis to come.

BC
Guest
BC

LOL. The Hill article is a great read. Senior staffers should be making pretty good money and so should be able to afford it. A lot of them earn in excess of $150k per annum. $684 for a gold plan per month for a 55 year does not strike me as being very expensive even before ACA. This said maybe it encourages them to work for lobbyists where they’d earn a great deal more. As much as I have zero sympathy for said staffers given that some of them probably worked on the bill; there is a real issue here… Read more »

archon41
Guest
archon41

The Hill, Healthwatch, 11-21-13: Older aides see O-Care costs eat checks:

“Older congressional staff say their out-of-pocket healthcare costs will rise three or four times after they enter the ObamaCare insurance exchanges. The economic shock has led Democratic chiefs of staff to call for changing the rules. . . .”

Disheartening to see those who labored so industriously for “equality of access” be so crudely lumped with the Common Herd. Surely a “waiver” will be forthcoming.

There were conservative alternatives, but you don’t want to hear them.

BC
Guest
BC

I’d say there’s far too much emotion/ego on both sides of the issue, which is not conducive to fixing anything. The following comment addresses one of the larger problems with the law. “it was clear that the true financial benefit of PPACA would not be realized for a decade.” I don’t buy this, but for the sake of argument let’s say it’s true. Keep in mind you’re not building a $20 billion bridge, financing it with bonds, putting a toll on it and recouping the money spent in 10 years via the tolls. We’re talking about individuals paying a lot… Read more »

Thohir Wijaya
Guest

It’s become interesting

MedicalQuack
Guest

Yes it’s a mess and the insurance companies had to call in the Quants for new models because of this, something they had not anticipated but they model all the time, just a little larger project than the actuaries could handle, need Quant math models.. Not much choice here for the President even though it’s only 5% of the entire insured population but people need help to afford and transition. http://ducknetweb.blogspot.com/2013/11/president-obamas-decision-to-extend.html And just like the markets, it’s the continuous rise and fall of the machines running 24/7 making life impacting decisions about all of us, just different sets of algorithms..and… Read more »

Carla Tucker Johnson
Guest
Carla Tucker Johnson

People are crazy to settle for less.